Question 1

A term not included in a written contract is considered intentionally omitted.

Accepted Answer

A) True 
 B)False

Question 2

The statute of frauds

Accepted Answer

A)  applies only to executed contracts. 
B)  requires certain contracts to be in writing. 
C)  states that written contracts cannot be changed by oral evidence. 
D)  none of these. 
A)  applies only to executed contracts. 
B)  requires certain contracts to be in writing. 
C)  states that written contracts cannot be changed by oral evidence. 
D)  none of these.

Question 3

A(n) ____________________ is an agreement by which an owner of real property rents that property to another party.

Accepted Answer

The answer of A(n) ____________________ is an agreement by which...

Question 4

Atad orally contracts to support his aunt until her death. In most states this contract is

Accepted Answer

A)  unenforceable. 
B)  illegal. 
C)  valid. 
D)  unconscionable. 
A)  unenforceable. 
B)  illegal. 
C)  valid. 
D)  unconscionable.

Question 5

The statute of frauds applies only to

Accepted Answer

A)  executed contracts. 
B)  executory contracts. 
C)  informal contracts. 
D)  formal contracts. 
A)  executed contracts. 
B)  executory contracts. 
C)  informal contracts. 
D)  formal contracts.

Question 6

A subsequent oral agreement modifying a written contract must be in writing if the written contract originally had to be ____________________.

Accepted Answer

The answer of A subsequent oral agreement modifying a written...

Question 7

Important contracts should be in writing to reduce the possibility of perjury by either party.

Accepted Answer

A) True 
 B)False

Question 8

Reba was appointed as administrator of her father's estate. She orally promised Mintz, a creditor of the estate, that if there were inadequate funds in the estate, she (Reba) would pay the debt from her personal funds. To be enforceable, the agreement must be

Accepted Answer

A)  in writing. 
B)  for debts over $500. 
C)  for debts for personal property only. 
D)  for a period of less than one year. 
A)  in writing. 
B)  for debts over $500. 
C)  for debts for personal property only. 
D)  for a period of less than one year.

Question 9

April, who was married before and plans to marry again, can protect the inheritance rights of her two children by

Accepted Answer

A)  entering into a prenuptial agreement with her intended spouse prior to the marriage. 
B)  asking her intended spouse to make an oral promise to allow her two children to inherit as if she (April) were not married. 
C)  notifying her attorney of her intentions to remarry. 
D)  doing nothing. 
A)  entering into a prenuptial agreement with her intended spouse prior to the marriage. 
B)  asking her intended spouse to make an oral promise to allow her two children to inherit as if she (April) were not married. 
C)  notifying her attorney of her intentions to remarry. 
D)  doing nothing.

Question 10

The parol evidence rule

Accepted Answer

A)  serves the same purpose as the statute of frauds. 
B)  applies if all dealings between the parties are oral. 
C)  allows parties to introduce evidence to change the terms of a written contract. 
D)  none of these. 
A)  serves the same purpose as the statute of frauds. 
B)  applies if all dealings between the parties are oral. 
C)  allows parties to introduce evidence to change the terms of a written contract. 
D)  none of these.

Exam 11: Memorialize Contracts in Writingstatute of Frauds

A term not included in a written contract is considered intentionally omitted.

The statute of frauds

A(n) ____________________ is an agreement by which an owner of real property rents that property to another party.

Atad orally contracts to support his aunt until her death. In most states this contract is

The statute of frauds applies only to

A subsequent oral agreement modifying a written contract must be in writing if the written contract originally had to be ____________________.

Important contracts should be in writing to reduce the possibility of perjury by either party.

Reba was appointed as administrator of her father's estate. She orally promised Mintz, a creditor of the estate, that if there were inadequate funds in the estate, she (Reba) would pay the debt from her personal funds. To be enforceable, the agreement must be

April, who was married before and plans to marry again, can protect the inheritance rights of her two children by

The parol evidence rule

Foundations of Law and the Role of Ethics in Business

The Legal System in the United States and Its Constitutional Foundation

Personal, Business, and Cyber Crimes and the American Criminal Justice System

Tort Law: Traditional Torts and Cyber Torts

Litigation and Alternatives for Settling Civil Disputes

Contract Law: a Beginning

Agreement: Offer and Acceptance

Consideration

Capacity

Legality

Transfer of Contract Rights and Duties

The Termination of Contracts: Discharge

The Termination of Contracts: Breach of Contract

Formation of Sales and Lease Contracts

The Sales Contract: Transfer of Title and Risk of Loss

The Sales Contract: Performance, Breach, and Remedies for Breach

Product Liability Law

Nature and Types of Negotiable Instruments

Issue, Transfer, Indorsement, and Discharge of Negotiable Instruments

Rights and Duties of Parties

Checks and the Banking System in the Twenty-First Century

Employer-Employee Relationship

Principal-Agent Relationship

Principal-Agent, Employer-Employee, and Third-Party Relationships

Sole Proprietorships, Partnerships, and Limited Liability Organizations

Corporations and Franchising

Government Regulation of Business

Basic Legal Concepts of Property

Renting Real Property

Buying and Selling Real Property

Nature and Types of Bailments

Wills, Intestacy, and Estate Planning

Protecting the Consumer and the Taxpayer

Protecting the Borrower

Protecting the Creditor

Property, Casualty and Automobile Insurance

Personal Insurance

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